What is the Total Loan?

What is the Total Interest?

What is Depreciation?

The average annual depreciation of the car is calculated as follows: (Car Price with COE - Scrap value of car) / 10.

What is the COE Quota Premium?

The COE Quota Premium is included in the car price. For Off-Peak Car option, this is offset by the $17,000 discount.

What is the ARF?

The Additional Registration Fee is included in the car price.

*Note: For cars registered with COE from March 2013, the ARF will be calculated based on a tiered system. First $20,000 of the OMV, 100% of OMV. Next $30,000 of the OMV, 140% of Incremental OMV. Remaining OMV, 180% of Incremental OMV.

What is the PARF Rebate?

Effective from 1 September 2008, you may encash your PARF rebate if you do not intend to use the rebates to offset either the upfront taxes payable at registration of a vehicle.

OMV is assessed by the Singapore Customs, based on the price actually paid or payable for the goods when sold for export to the country of importation. This price includes purchase price, freight, insurance and all other charges incidental to the sale and delivery of the car to Singapore.

ARF - Additional Registration Fee

ARF is 100% of OMV for cars registered with COEs obtained from March 2008 tender exercises and onwards.

Other Taxes and Fees

This includes the Goods and Service Tax (GST), Excise Duty which is 20% of OMV and Registation Fee (RF) of SGD140.

Premium

The remaining price component of the car taking away the above charges or taxes.

Disclaimer: Prices are consolidated from industry sources are believed to be reliable, however, no assurance can be given that this information is accurate. Oneshift.com is not responsible for errors or omissions.

Average OMV

Effective Date

1.

$8,211

2 Aug 2011

2.

$8,911

2 Nov 2010

3.

$9,287

7 Sep 2010

4.

$9,113

15 Jun 2010

5.

$9,216

4 Jan 2010

6.

$9,410

1 Dec 2009

7.

$9,524

1 Oct 2009

8.

$9,587

1 Sep 2009

9.

$9,589

3 Aug 2009

10.

$9,819

1 Jul 2009

11.

$9,819

15 Jun 2009

12.

$9,940

14 May 2009

13.

$9,819

15 Apr 2009

14.

$9,711

1 Feb 2009

15.

$9,524

15 Jan 2009

OMV Price Increased from previous entry

OMV Price Decreased from previous entry

OMV Price remains unchanged

Mouse over arrows to see difference.

OMV Prices are obtained from public source from Land Transport Authority of Singapore at www.lta.gov.sg